Lululemon Athletica Inc. (NASDAQ:LULU) Stock Position Trimmed by Chronos Wealth Management LLC

Chronos Wealth Management LLC decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,859 shares of the apparel retailer’s stock after selling 375 shares during the period. Lululemon Athletica makes up approximately 0.3% of Chronos Wealth Management LLC’s holdings, making the stock its 29th biggest position. Chronos Wealth Management LLC’s holdings in Lululemon Athletica were worth $504,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its stake in shares of Lululemon Athletica by 176.0% during the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 44 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Lululemon Athletica during the 1st quarter worth about $29,000. Larson Financial Group LLC lifted its stake in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares during the period. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $29,000. Finally, Versant Capital Management Inc increased its stake in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LULU shares. KeyCorp decreased their price target on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Guggenheim dropped their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. UBS Group cut their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Wedbush dropped their target price on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Finally, Evercore ISI reissued an “outperform” rating and set a $300.00 target price on shares of Lululemon Athletica in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.55.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $291.63 on Friday. The stock has a 50-day simple moving average of $265.04 and a 200-day simple moving average of $296.64. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The firm has a market cap of $36.45 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.99 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business posted $2.68 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.